Agenda - Council - 06/13/2017 - Laserfiche WebLink

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Economic Dev. Mgr/Assistant City Administrator Brama stated that this parcel has never been listed with CBRE. Member Hardin stated that he would be opposed to paying a broker fee for a parcel that has never been listed with the broker. Member Williams arrived. Brian Pankratz, CBRE, stated that he had been working with developers to find a gel and attention was brought to this parcel through that process. Member Hardin stated that the City has a long relationship with Mr. Sharp and the purchase agreement was drafted with staff, and therefore he would be opposed broker fee. Chairperson Steffen asked how Mr. Sharp had discovered this parcel. Mr. Sharp stated that he was alerted to the parcel through co versation/with Economic Dev. Mgr/Assistant City Administrator Brama. He stated that the lands near his other parcels and is a good location for him. He stated that he thought e land was fly undisturbed prior to the soil testing. He stated that most of his building ha een speculative, noting that his last one was in 2009. He believed that there is a deman or this smaller space. He explained that when bigger companies come that tends to draw sma companies as well and he enjoys working with the smaller companies. He stated that those businesses eventually grow and then he often builds a larger building for them. He confirmed that he builds the shell and the interior is then built out to match the size and needs +f the cooany. Member Riley asked for the in . . aff on the brokerage commission. Economic Dev. Mgr/Ass as available land and was immediately a purc He stated that it has on together expressed Chai thi is e evol an ha di gree ty Ad inistrator Brama stated that the property was identified ted to work with CBRE to market the land. He noted that almost was brought forward from CBRE with Platinum Properties. situation that Mr. Sharp and Platinum Properties were working i o just Mr. Sharp. He stated that perhaps the EDA concern is a discussion with CBRE prior to the Council review. noted that in the previous case CBRE brought forth the developer while in ase they di, not, although there may have been a tie. He stated that he likes the project and d to lave another project with Mr. Sharp. Motion Chairperson Steffen, seconded by Member Hardin, to recommend to City Council to approve/deny the purchase agreement between the City of Ramsey and Sharp & Associates LLC for 9.33 acres of City owned land, with direction for further discussion regarding the CBRE commission. Further discussion: Member Hardin stated that he is opposed to the CBRE commission. Economic Dev. Mgr/Assistant City Administrator Brama stated that if there is strong consensus Economic Development Authority/June 8, 2017 Page 3 of 8